Consolidated Balance Sheet - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 409,804	$ 345,386
Receivables	1,012,932	919,335
Inventories, net	1,132,471	1,044,284
Other current assets	269,461	219,053
Total current assets	2,824,668	2,528,058
Property, plant and equipment, net	891,293	635,641
Right of use assets, net	229,723	170,295
Goodwill	6,447,629	5,372,562
Other intangibles, net	4,165,317	3,342,085
Investments and other assets	464,903	382,479
Total assets	15,023,533	12,431,120
Current liabilities:
Short-term borrowings and current portion of long-term debt, net	1,417,915	226,079
Accounts payable	516,588	497,134
Customer advanced payments	375,513	357,674
Income taxes payable	69,567	48,171
Accrued liabilities and other	502,990	435,144
Total current liabilities	2,882,573	1,564,202
Long-term debt, net	1,895,432	2,158,928
Deferred income taxes	836,695	694,267
Other long-term liabilities	678,642	537,211
Total liabilities	6,293,342	4,954,608
Stockholders’ equity:
Preferred stock,$0.01 par value; authorized 5,000,000 shares; none issued	0	0
Common stock, $0.01 par value; authorized 800,000,000 shares; issued: 2023 – 269,284,250 shares; 2022 – 268,588,293 shares	2,709	2,700
Capital in excess of par value	1,168,694	1,094,236
Retained earnings	9,940,343	8,857,485
Accumulated other comprehensive loss	(484,942)	(574,945)
Treasury stock: 2023 – 38,354,154 shares; 2022 – 38,537,635 shares	(1,896,613)	(1,902,964)
Total stockholders’ equity	8,730,191	7,476,512
Total liabilities and stockholders’ equity	$ 15,023,533	$ 12,431,120

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Name:	us-gaap_AccountsPayableCurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(20))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(15)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1